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Destin Market Pulse

DESTIN, FL. October 12, 2006 -- Why are there so many sellers in Destin these days? The answer is simple. They either have owned their property for four or more years and enjoyed the amazing appreciation that we saw from 2002 - 2004 and decided to take that equity to the bank OR bought in late 2004 - 2005 with an interest only or adjustable rate mortage and are facing the cold hard facts that they bought at the peak of the seller's market and need to get out of that payment.

Are there bargains today in Destin? You better believe it. Look at the Destin Seller's Sentiment on the home page here and you'll see prices are still correcting. Sellers are faced with leaving their homes on the market through the slowest period of the year - the holidays - or they will take them off and relist next year. Now is an excellent time to make any reasonable offer, including lowballs.

What about Destin itself? We just had an amazing tourist season with the short term vacation rentals at near full occupancy. Our beaches have either been renourished or are in the process of renourishment. There are infrustructure improvements happening all around us. Main St. is near completion with new bike paths, added lanes and widening. Electrical wires are being run underground. New shopping centers are popping up. The Destin Commons will be doubling in size.

The new Harbor Village is also underway. With a 2000 car underground parking lot, new restaurants including New Orlean's Pat O'Brians and a totally revamped Harbor Walk it will rival Seattle's Pike Place and San Francisco's Fisherman's Wharf as a global visitor's destination. The beautiful Destin Pass is arguably one of the most breathtaking, scenic views in the world.

Destin is an island that is almost built out, if you have ever dreamed of living in Destin now is the time to make that move. The property values will soon start to climb again. There are also new exciting fractional ownerships available to folks who want to own a piece of paradise at huge discounts. Call me today and let me work with you to find the property that is perfect for you.

Kerry McNulty,
The Wired Agent
850.642.1081

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Previous Market Pulse articles:
August 16, 2006
June 27, 2006
April 8, 2006
March 31, 2006
Feb 21, 2006
Jan 3, 2006
Oct. 10, 2005
Sept. 16, 2005


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